Rpc Share Discussion Threads

[broadwood] 31/3/2016 18:28

Panmure Gordon RPC Group PLC 31/03/2016
Reiterates
Buy Buy
0
870.00 870.00 761.00

[jeffian] 31/3/2016 10:43

Several years ago, I reviewed my portfolio and 'investing style' and asked myself why I spent so much time researching 'the next big thing' rather than focusing on the success stories already in the portfolio. As a result, I decided to keep adding to existing investments where performance had been good but valuations still seemed reasonable. RPC, first acquired in November 1999, was one of those - along with Avon, Diploma, Interserve and Tyman - and I both added in the market and also took up all the Rights available in the past few years, the latter being a real game-changer as a result of which RPC has grown from a modest initial investment to my second largest holding. It's a great share and it looks set for growth for a good while yet. I just kick myself for not doing the same with SUS and SGC (the latter acquired for 39p has been over £4). Psychology is a funny thing!

[broadwood] 31/3/2016 08:45

Good positive statement.

I'm in.

[mfhmfh] 31/3/2016 07:59

top-up time...

[shauney2] 31/3/2016 07:58

Always nice to see "significantly ahead"

[phillis] 31/3/2016 07:37

" Results are anticipated to be"

On the last day of the year you would think they would know for certain......

[mellorscarthwaite] 29/1/2016 15:40

BUY look at the peg

[jeffian] 14/1/2016 11:41

to be fair, santori, it only shot up over £8 on the back of a discounted rights issue which handed each shareholder 1/5 x £3odd.

[utsushi] 14/1/2016 09:23

RPC is Investors Chronicle Old Reliable Tip of the Year for 2016-so, does that mean that we should all jump ship?
A short valuation recap, with EV of £2775.9m, EBITDA ratio of 11, free cash flow yield of 3%, PE of 18x, and a progressive dividend yield of 2.2%, the company is not outstandingly cheap, especially at IC's tipped price of 817p.
I think their timing was poor, the company was glowing under the positive cost cutting assumptions of the Global Closure Systems (GCS) acquisition, assuming everything will be great is often an error, at least in the short term, the stock looked very over-bought above 800p, having almost doubled in a year.
I think the stock will have to come back some more, to be attractive again-I suspect the buyers will return at around the 650p-700p level-hold.
Filters on.

[shauney2] 06/1/2016 08:42

Jefferies up their target to 900p from 850p

[jeffian] 05/1/2016 22:46

Expected Timetable of Principal Events

Record Date for the Rights Issue


Close of business on 29 December 2015

Latest time and date for receipt of Forms of Proxy for the General Meeting


12.00 p.m. on 2 January 2016

General Meeting


12.00 p.m. on 4 January 2016

Despatch of Provisional Allotment Letter (to Qualifying non-CREST Shareholders only)


4 January 2016

Publication of notice in the London Gazette


4 January 2016

Admission and commencement of dealings in Nil Paid Rights, on the London Stock Exchange


8.00 a.m. on 5 January 2016

Nil Paid Rights enabled in CREST


8.00 a.m. on 5 January 2016

Stock accounts credited with Nil Paid Rights (for Qualifying CREST Shareholders)


5 January 2016

Existing Ordinary Shares marked "ex" by the London Stock Exchange


8.00 a.m. on 5 January 2016

Recommended latest time and date for requesting withdrawal of Nil Paid Rights or Fully Paid Rights from CREST (i.e. if your Nil Paid Rights or Fully Paid Rights are in CREST and you wish to convert them into certificated form)


4.30 p.m. on 13 January 2016

Latest time and date for depositing renounced Provisional Allotment Letters, nil paid or fully paid, into CREST or for dematerialising Nil Paid Rights or Fully Paid Rights into a CREST stock account (i.e. if your Nil Paid Rights or Fully Paid Rights are represented by a Provisional Allotment Letter and you wish to convert them to uncertificated form)


3.00 p.m. on 14 January 2016

Latest time and date for splitting Provisional Allotment Letters, nil paid or fully paid


3.00 p.m. on 15 January 2016

Latest time and date for acceptance and payment in full and registration of renounced Provisional Allotment Letters


11.00 a.m. on 19 January 2016

Commencement of dealing in New Ordinary Shares fully paid, New Ordinary Shares credited to CREST stock accounts


8.00 a.m. on 20 January 2016

Despatch of definitive share certificates for New Ordinary Shares in certificated form


27 January 2016

Expected date of Completion of the Acquisition


by the end of March 2016

[david2013] 05/1/2016 21:42

When do we get the opportunity to take up the rights?

[typo56] 05/1/2016 08:27

Ex-rights today. I make theoretical ex price 760p from 820p last night.

[jeffian] 31/12/2015 13:47

Hear hear.

[shauney2] 29/12/2015 17:40

My mistake on the date.Didn't even flicker last week.

[wynmck] 29/12/2015 16:53

correct-shows 24th on Financials

[discodave4] 29/12/2015 16:48

"The Board has declared an interim dividend of 5.2p per share (2014 restated: 4.4p) and is in line with the Group's progressive dividend policy which has been in place since RPC's flotation in 1993. This will be paid on 26 January 2016 to ordinary shareholders on the register at 29 December 2015."Think I'm right in saying that Ex Div is usually at least a day or two before record/register date, given the bank holidays & weekend this would mean Ex Div was the 24th.DD

[steptoe57] 29/12/2015 15:34

Ex on the interim div was on 24th Dec not today if I'm not wrong?

[shauney2] 29/12/2015 11:56

Goes ex rights at the close today for the entitlement to the 5 for 1 new share issue.
Also ex for the interim dividend.

I imagine the share price will come off somewhat.

[jeffian] 21/12/2015 09:41

Your conclusion to #845 - "With rising interest rates providing negative headwind I suspect the stock has a further 10-15% upside, the risk/reward not great in a mature market-would rate the stock a hold."

Rather grudging, I would have thought, rather than a "positive recommendation"!

[utsushi] 21/12/2015 09:03

Good to see that after my positive recommendation in July this year, Post 845, RPC is now up 24%, not a bad result in just 5 months.
You could buy in sizeable volume too-with reasonable liquidity.
I have a very small holding, its probably a hold now-fortunately the facts "speak for themselves", at least some of the time!

[shauney2] 15/12/2015 10:09

Touching 8 quid which is nice.

JP Morgan Cazenove Overweight.Up their target price to 907.00